Buying a property at auction has become an increasingly popular path to take. According to the Essential Information Group, property auction activity in the UK has seen a 15% growth over the last year. The purchase process can be much quicker, and you have a good chance of getting a great deal. However, there isRead More
The easing of Covid-19 restrictions has rebooted the buy-to-let market. The Buy to Let market had stagnated in recent years due to changes to taxation for landlords and legislation. Then the pandemic hit and this, for obvious reasons, only made the situation worse. As we emerge out of the pandemic, we are finally seeing BTLRead More
The deadline for first-time buyers to use the government’s Help to Buy scheme has been brought forward by two months. Buyers now face a race against time to secure a property with an equity loan before the popular scheme winds down early next year. Help to Buy application deadline brought forward to 31 October 2022Read More
You’re looking to progress a mortgage application with us here at Prospect – fantastic news! We are keen to make sure every client we have has the easiest and least stressful journey possible. To make things even easier, we have made a list of everything we will need from you during this process. The mortgageRead More
By Lucy Westmore | 20th May 2022. We’re big history fans here at Prospect, so we have spent some time researching what our beloved Cheeks Farm once looked like. Collecting information from various sources, we have gained insight into who previously lived and owned the farm and wanted to share our findings. We would likeRead More
Over 170,000 new homes were built for the year ending June 2019 (Gov.uk) There’s a lot to be said for someone who is wanting to build their own property – ambition, creativity, skill. It can be hugely rewarding to create something which embodies who you are. However, there are factors you do unfortunately need toRead More
A recent YouGov poll found that environmental problems ranked as one of the country’s top-three concerns. What is a green mortgage? When we think of environmental concerns, residential properties aren’t on the top of our list to discuss. Yet, our homes account for more than a fifth of the UK’s total CO2 emissions. With aRead More
What is a joint borrower/sole proprietor? A mortgage option that allows first time buyers with a lower income to get support, usually from a family member. … if an individual has too low of an income for a mortgage, someone else (usually a family member) can step in and financially support them by becoming anRead More
Getting a mortgage when you’re self-employed may seem stressful and time-consuming, however, it’s by no means harder to obtain. Don’t feel anxious that the difference in the regularity of your income will make it more difficult to receive a mortgage. It is still possible. The only difference is that you may need to provide justRead More
Nationwide Building Society has revealed the majority of ill employees are still going to work because of financial stress – prioritising money over health. A poll of over 2000 people found: 59% had gone to work when ill or injured. 1 in 3 admitted they had not followed their doctor’s advice because they couldn’t affordRead More
